General Atlantic Mulling Options for Indonesia Retail Stake
- Deal could value shares in Indonesian firm about $300 million
- General Atlantic owns about 20% of local Starbucks operator
Photographer: Waldo Swiegers/Bloomberg
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General Atlantic is weighing options for its nearly 20% stake in Indonesia’s PT MAP Boga Adiperkasa, one of the largest operators of Starbucks Corp. franchises in the country, people with knowledge of the matter said.
The New York-based firm is in preliminary discussions with investment banks on alternatives including a private sale or a public offering for its MAP Boga shares, the people said. General Atlantic’s stake could be worth about $300 million in a disposal, said the people, who asked not to be identified as the information is private.